09:57     TONGDA GROUP<00698> - Announcement (4)                              

                                                                              
    "Purchaser"   Hublink International Limited, a company                    
    incorporated in the British Virgin Islands with limited                   
    liability and wholly and beneficially owned by Mr. Li                     
    Ching Chung. To the best of the Directors's knowledge,                    
    information and belief having made all reasonable                         
    enquiry, Hublink International Limited and its                            
    beneficial owner are not connected persons of the Company                 
    as defined under the Listing Rules                                        
                                                                              
    "PRC"   the People's Republic of China, which for the                     
    purpose of this announcement, shall exclude Hong Kong and                 
    Macau Special Administrative Region of the PRC and Taiwan                 
                                                                              
    "Sale Capital"   HK$8,000,000, representing 100% of the                   
    entire registered capital of Tong Da Metals                               
                                                                              
    "Sale Loan"   the full amount of the Shareholder's Loan                   
    as at the date of the Agreement                                           
                                                                              
    "Shareholder(s)"   holder(s) of share(s) of HK$0.10                       
    each in the share capital of the Company                                  
                                                                              
    "Shareholder's Loan"   the interest free shareholder's                    
    loan of HK$42,984,645 as at the date of the Agreement,                    
    owing by Tong Da Metals to the Vendor from time to time                   
                                                                              
    "Stock Exchange"   The Stock Exchange of Hong Kong                        
    Limited                                                                   
                                                                              
    "Tong Da Metals"   (Tong Da Metals Co., Ltd., Shishi City, Fujian), a     
    wholly foreign-owned enterprise established under the laws of             
    the PRC with limited liability and an indirectly                          
    wholly-owned subsidiary of the Company                                    
                                                                              
    "Vendor"   Tong Da General Holdings (H.K.) Limited, a                     
    company incorporated in Hong Kong with limited liability                  
    and is indirectly wholly-owned by the Company                             
                                                                              
    "HK$"   Hong Kong dollars, the lawful currency of Hong                    
    Kong                                                                      
                                                                              
    "RMB"   Renminbi, the lawful currency of the PRC                          
                                                                              
    "%"   per cent.                                                           
                                                                              
    Unless otherwise specified, the Renminbi amounts shown                    
    in this announcement have been translated into Hong Kong                  
    dollars at an exchange rate of HK$1.00=RMB1.06. Such                      
    translation should not be construed as a representation                   
    that the RMB amounts have been, could have been or could                  
    be converted into HK$, as the case may be, at this or any                 
    other rates or at all.                                                    
                                                                              
    By Order of the Board                                                     
    Tongda Group Holdings Limited                                             
    Wang Ya Nan                                                               
    Chairman                                                                  
                                                                              
    As at the date of this announcement, the board of                         
    Directors comprises the following members:                                
                                                                              
    Executive Directors                                                       
    Wang Ya Nan (Chairman)                                                    
    Wang Ya Hua (Vice Chairman)                                               
    Wong Ah Yu                                                                
    Wong Ah Yeung                                                             
    Choi Wai Sang                                                             
                                                                              
    Independent non-executive Directors                                       
    Wong Kong Hon                                                             
    Ting Leung Huel, Stephen                                                  
    Cheung Wah Fung Christopher                                               
                                                                              
    Hong Kong, 24 May 2005